Is your CEO wearing too many hats? An outsourced CFO can alleviate issues of key person dependency, succession planning dilemmas, or managing when the staff member goes on leave.
With Next Dimension acting as your organisation’s CFO, you can draw on a pool of accounting expertise and experience.
KPIs
Next Dimension manages KPIs for clients with efficiency and clarity. Our team will:
- Identify KPIs relevant to your organisation and monitor their relevance annually.
- Analyse KPI results regularly.
CFO
When appointed as your CFO, Next Dimension will perform all the duties of a CFO, plus bring the combined experience of our team to manage financial issues. We will regularly analyse your organisation’s results, providing insights and advice.
Board Meetings
We attend financial meetings to present financial results and participate in discussions every month.
We prepare the board with our detailed and accessible board reports and can also develop bespoke reports to assist board members with their decision making.
We are skilled and confident at presenting at Board meetings, relieving your staff or Board from handling the presentation and providing Board members with full financial answers.
We stay in touch with our clients and know their concerns so that we can also contribute outside the board meetings.
Budget/Forecasts
Next Dimension revises and refines the forecast for the rest of the year. Each year we provide you with your annual budget and cashflow forecast.
By staying in touch with what has happened and is planned, we can own this process.
Our attention to clients means that we are prepared for the future. We can anticipate budget issues early on and flag them to our clients for a swift resolution.
Financial Modelling/What-if analysis
Having a CFO’s detailed knowledge of your organisation’s accounts and services means Next Dimension can assist with Financial Modelling or a ‘What ifs analysis’.
With our unique skillset, Next Dimension develops systems that produce accurate and informative spreadsheets which are easy to understand. When sudden changes threaten to have a major impact on your organisation, our system is set up to adapt and provide new figures rapidly – so you can grasp the financial implications of ‘What if…?’.
Unit costing
Next Dimension implements unit costing to view your accounts in detail. Our unit costing approach allows you to identify and manage units that are underperforming and implement relevant strategies that will improve the overall health of your organisation.
We arrange the accounting software and regular reviews to monitor each unit/segment/‘bucket’ of the organisation, flag its results and work with you to develop an action plan.
Advice
As active supporters of our clients, we provide unlimited minor ad-hoc advice on CFO related matters, when appointed to act as your outsourced CFO. Next Dimension can act as a sounding board when you need to resolve major financial issues.
In a competitive and risk-heavy environment, an outsourced CFO takes the pressure away from one individual staff member.
Don’t go it alone, with a CFO’s input your organisation can make informed decisions.
